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Liquidity crisis


Private equity firms have spent nearly $ 40 billion buying American insurance companies in recent years, promising to earn higher returns on mountains of money insurers have set aside to pay policyholders in years or decades. Companies are shifting some of the money from traditional low-yielding investments like government bonds to riskier, harder-to-sell assets like …

Lebanon’s economic crisis, the worst the country has seen in three decades, is expected to be among the top 10 global crises – perhaps even the first three – since the mid-19th century, according to the World Bank. The extent of the economic depression has “no clear turning point” on the horizon, given “disastrous” and …

ATM lines form early, often before dawn. People bring plastic chairs or stools or rugs to lie on. As the sun rises, they protect themselves with umbrellas or embrace the shade and wait. Myanmar is in the throes of a cash shortage. Since the military toppled Aung San Suu Kyi’s government in February and tens …

The Liberty Steel company of Sanjeev Gupta, one of the world’s largest steel empires, faces an uncertain future after announcing plans to sell three of its UK factories. Liberty employs 3,000 workers in the UK and parent company Gupta Family Group (GFG) Alliance has 35,000 employees worldwide, with metallurgical plants and mines in Europe, the …

Text size: A- A + New Delhi [India], May 29 (ANI): Almost 73% of credit managers are expected to change their lending strategies, especially for the unsecured portfolio, in order to manage asset quality and mitigate emerging risks in the portfolio, according to one recent survey by PwC Equifax. The Covid-19 pandemic has put lenders …

Text size Federal Reserve Chairman Jerome Powell. Kevin Dietsch / Pool / Getty Images More than a year after the pandemic, U.S. officials are looking for ways to prevent Treasury market explosions like the one that occurred last year. Popular idea emerges from debate over hedge funds or banking regulations: Officials want it easier for …

BENGALURU: India’s economic outlook has weakened again, albeit slightly, with worst-case forecasts suggesting the toll from the coronavirus pandemic could be much higher, fueling fears that the jobs crisis could worsens over the coming year, according to a Reuters poll. New restrictions aimed at curbing the current wave of coronavirus have crippled economic activity, leaving …

It’s this time again: the suspension of the national debt limit is ready to expire July 31. If Congress and the President don’t increase or resuspend that cap, they will force the US Treasury to default. The Federal Reserve predicted such a crisis: If the dollar defaults, break the glass. I know their playbook. I …

Global equity markets rose and the US dollar rallied against major currencies on Wednesday for the first time this week, as Federal Reserve officials continued to downplay the outlook for rising inflation. Richard Clarida, vice chairman of the Fed, said on Tuesday that the US central bank had the ability to curb a spike in …

NOIDA: Builder Naredco’s body urged central government to take immediate action to prevent the National Company Law Tribunal (NCLT) from admitting insolvency cases against builders for at least a year, citing delays charged to Covid in the completion of ongoing projects. During last year’s lockout, the Union government relaxed the insolvency and bankruptcy code to …